Auto Finance “Murabaha”

Overview

Own your Dream Car with Saudi Finance   Car Scheme Option!!

Our Auto finance is a purely Islamic product offering where  you the choice of financing your new car with a fixed profit rate under a” Murabaha” based financing program.


Advantages

  • Compatible with the provisions of Islamic Sharia
  • Financing Amount up to 500 thousand Riyals
  • Competitive return profit rate
  • Only pay 5%  as Down payment of Car Value.
  • Without salary transfer
  • Finance for used cars (maximum 2 year old  cars ) up to 3 years.
  • Instant approval

Terms & Conditions

  • Minimum Monthly Salary should be SR 10,000.
  • Length of service not less than 3 months for Government & semi Government employees, and 6 months to private sector employees.
  • Up to maximum age 65 years  on  financing maturity
  • Installment period from six months to five years
  • * credit at the sole discretion of Saudi Finance Company

Required Documents

  • Banks Account statement for last three months showing salary transfer.
  • Recent salary certificate
  • Copy of National Id / Iqama

How to apply

To apply for Saudi Finance Company product just follow the simple steps below:

  • Apply online, please click here.
  • Call us, please click here.
  • Visit us in our branches, please click here
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